he bought the legendary london tabloid 42 years ago, and with it staggering profits, built a global media empire. in the u.s., murdoch owns fox news, "the wall street journal," "the new york post" and a lot more. he is even bigger here in britain, where he owns a major tv network and almost 40% of the newspapers sold, including "the news of the world." this week, that paper found itself at the center of a scandal so big, so rotten, that despite its massive profitable, it is being abruptly closed after 168 years. today, the man who sends reporters out in search of stories was in sun valley, i.d. i, where he ran from reporters. >> i'm not making any comments. >> reporter: it was left to his son and air heir to speak for t company. >> we now know the practices that we're talking about here were such that we've fundamentally breeched a trust with our readers.